We’re forgetting here that the city plans to reassess property. That may affect your tax rate—probably will. If you’re paying x on a $200,000 property and it’s reassessed at $250,000 you’ll pay x plus 25 percent if my math is correct.
Yes, there is a lot that goes into taxes. Reassessments are definitely one that can have a huge impact, as do equalized value assessments from the state. But the simplest measure is the mill rate, and one people can wrap their brains around (including me). And it is what the city has been focusing on throughout the process.
We’re forgetting here that the city plans to reassess property. That may affect your tax rate—probably will. If you’re paying x on a $200,000 property and it’s reassessed at $250,000 you’ll pay x plus 25 percent if my math is correct.
Yes, there is a lot that goes into taxes. Reassessments are definitely one that can have a huge impact, as do equalized value assessments from the state. But the simplest measure is the mill rate, and one people can wrap their brains around (including me). And it is what the city has been focusing on throughout the process.